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2-3 months can be waited for rise in Bitcoin: "Imbalance that will raise the price"
While the eagerly awaited halving in Bitcoin is behind us, cryptocurrency investment firm QCP Capital has published a report stating that investors may have to wait for a period of 2-3 months before they can see the halving effect on the Bitcoin price.
While the short and long-term effect of the halving, which takes place every 4 years in Bitcoin, on the price is a matter of curiosity, two important cryptocurrency companies have published analyzes. QCP Capital, one of these companies, stated that it is necessary to wait for a while for the rises.
In their latest report, the analysts of the Singapore-based company emphasized the past halving periods:
"In the previous 3 halvings, spot prices have generally gone up over a period of 50 to 100 days. If the same path is followed, we can say that Bitcoin investors will have to wait for this time."
QCP analysts also commented on altcoin and meme coin, noting that a short liquidation could also occur in the short term:
"There was a regular negative funding in altcoins and meme coin. There was a negative situation close to 100%. There could be a hard liquidation situation for short positions."
Another analyst, on the other hand, said that the imbalance between daily demand and falling intermediate will be the main factor that will increase the price:
"The halving will enable Bitcoin worth $30-40 million to be included in the supply every day from now on. However, the demand is at the level of 150 million dollars per day, which creates a serious imbalance. The supply-demand imbalance will be the main factor that will make the price go up."
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